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West Red Lake Gold Mines Inc

www: www.westredlakegold.com   email: investors@westredlakegold.com
Category: Junior: Emerging Mid-tier Producer
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Symbol Data

Symbol Currency
CVE:WRLG CAD
OTCMKTS:WRLGF USD

Description

West Red Lake Gold Mines Inc are a gold focused junior, emerging mid-tier producer with one producing mine in Canada, one mine in development in Canada and two exploration properties. Currently they produce roughly 35koz. of gold per year. They have approximately 2.3Moz. of gold in the reserves and resources category of which 1.8Moz. are in the measured and indicated category. They have a market capitalisation of ~C$258.54M which is a fall of roughly 5% over the last three weeks. As of 06/02/2026 they have ~C$34M debt and ~C$25.43M cash. They have 413M shares outstanding and trade on the Canadian Venture Exchange and the over-the-counter markets.

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General Details

Financial 06/02/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
MCap (FD): $272.46M $258.54M 06/02/2026 $-13.92M
MCap (OS): $202.90M $192.54M 06/02/2026 $-10.37M
Total Assets: $78.04M $76.29M 06/02/2026 $-1.74M
Total Liabilities: $45.52M $44.50M 06/02/2026 $-1.02M
Current Assets: $26.01M $25.43M 06/02/2026 $-0.58M
Current Liabilities: $8.67M $8.48M 06/02/2026 $-0.19M
Total Debt: $34.68M $33.91M 06/02/2026 $-0.77M
Cash: $26.01M $25.43M 06/02/2026 $-0.58M
Debt (Net): $8.67M $8.48M $-0.19M
Enterprise Value: $281.13M $267.01M $-14.11M
Cash Flow: $-0.56M $-12.04M never $-11.49M
Cash Flow Multiple: 0.00 0.00 never 0.00
Net Debt to
Cash Flow Ratio:		 n/a n/a never 0.00
Finance within 1 year: 06/02/2026 n/a
Misc 06/02/2026
Last
Analysis
Data
Current Data
Change
Item Value Value Updated Value
Shares Outstanding: 412,959,642 412,959,642 06/02/2026 0
Shares (FD): 554,515,256 554,515,256 06/02/2026 0
Insider Ownership: 30% 30% 06/02/2026 n/a
Dividend (Annual): n/a n/a 06/02/2026 n/a
Company Type: Mostly Gold Mostly Gold never n/a
Group: Producer Producer never n/a
Production ETA: n/a 07/01/2025 06/02/2026 n/a
Production (Gold Eq Oz.): (guess) 
35,000		 (guess) 
35,000		 06/02/2026 0
Production (Silver Eq Oz.): (guess) 
2,087,848		 (guess) 
2,240,189		 06/02/2026 152,341
Development Phase: Producer (Single Mine) Producer (Single Mine) 06/02/2026 n/a
Optionality Play: none No
F
U
T
U
R
E		 % of Spot: 20
Producer: Growth Potential
 20
Producer: Growth Potential
 06/02/2026 0
Cash Flow Multiple: 15 15 06/02/2026 0.00

Resource Data

GOLD 06/02/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 06/02/2026 0.00M
Measured & Indicated: 1.80M 1.80M 06/02/2026 0.00M
Inferred: 0.50M 0.50M 06/02/2026 0.00M
Reserves & Resources: 2.30M 2.30M never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 06/02/2026 0.00M
Measured & Indicated: 1.30M 1.30M 06/02/2026 0.00M
Inferred: 0.23M 0.23M 06/02/2026 0.00M
Reserves & Resources: 1.52M 1.52M never 0.00M
C
U
R
R
E
N
T		 Annual Production: (guess) 
35,000oz.		 (guess) 
35,000oz.		 06/02/2026 0oz.
Cash Cost: $3,500 $3,500 06/02/2026 $0.00
Extra Operating Cost: $1,000 $1,000 06/02/2026 $0.00
Total: $4,500 $4,500 06/02/2026 $0.00
Margin (Free Cash Flow): $-16 $-344 $-328.23
MCap / Production (AuEq): $7,784.49 $7,386.77 $-397.72
EV / Production (AuEq): $8,032.23 $7,628.97 $-403.25
G
R
A
D
E		 Underground (Avg): 5.00 g/t 5.00 g/t 06/02/2026 n/a
Open Pit (Avg): n/a n/a 06/02/2026 n/a
Recovery Rate: (CG)  90.00% (CG)  90.00% 06/02/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: 2.50M 2.50M 06/02/2026 0.00M
Annual Production: 100,000oz. 100,000oz. 06/02/2026 0oz.
Cash Cost: $3,300 $3,300 06/02/2026 $0
Extra Operating Cost: $1,000 $1,000 06/02/2026 $0
SILVER 06/02/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
O
U
N
C
E
S		 T
O
T
A
L
 Proven & Probable: n/a n/a 06/02/2026 0.00M
Measured & Indicated: n/a n/a 06/02/2026 0.00M
Inferred: n/a n/a 06/02/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
P
L
A
U
S
I
B
L
E		 Proven & Probable: n/a n/a 06/02/2026 0.00M
Measured & Indicated: n/a n/a 06/02/2026 0.00M
Inferred: n/a n/a 06/02/2026 0.00M
Reserves & Resources: n/a n/a never 0.00M
C
U
R
R
E
N
T		 Annual Production: n/a n/a 0oz.
Cash Cost: n/a n/a 06/02/2026 $0.00
Extra Operating Cost: n/a n/a 06/02/2026 $0.00
Total: n/a n/a 06/02/2026 $0.00
Margin (Free Cash Flow): n/a $0.00
MCap / Production (AgEq): $130.50 $115.41 $-15.09
EV / Production (AgEq): $134.65 $119.19 $-15.46
G
R
A
D
E		 Underground (Avg): n/a n/a 06/02/2026 n/a
Open Pit (Avg): n/a n/a 06/02/2026 n/a
Recovery Rate: n/a n/a 06/02/2026 0.00%
F
U
T
U
R
E		 Proven & Probable: n/a n/a 06/02/2026 0.00M
Annual Production: n/a n/a 06/02/2026 n/a
Cash Cost: n/a n/a 06/02/2026 n/a
Extra Operating Cost: n/a n/a 06/02/2026 n/a

Property

Last Analysis Data  (06/02/2026)
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Madsen
100 show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.

Size: 4,700 ha
Dev Rowan
100 show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.

Size: 3,100 ha
Exp Mount Jamie
100 show
Early exploration

Size: 0 ha
Exp Red Summit
100 show
Early exploration

Size: 0 ha
Current Data
Stage Name Owned
%		 NPV
$M		 IRR
%		 CapEx
$M		 Au Ag Cu Notes
Prod Madsen
100 show
2M oz deposit at 6 gpt.

Mill
Ready to restart production.

Size: 4,700 ha
Dev Rowan
100 show
First 43-101 coming in 2014. They are hoping to find at least 2 million oz. The maiden 43-101 will likely be less than 1 million.

Size: 3,100 ha
Exp Mount Jamie
100 show
Early exploration

Size: 0 ha
Exp Red Summit
100 show
Early exploration

Size: 0 ha

Profitability (by resource)

Proven &
Probable		 06/02/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: n/a n/a n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): n/a n/a n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 0.00M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: n/a n/a n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 0.00M
Maximum Profit (Gold): n/a n/a n/a $0.00M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: n/a n/a n/a $0.00M
Max Profit / Current MCap: n/a n/a n/a 0.000
Max Profit Per Share (Gold): n/a n/a n/a $0.00
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: n/a n/a n/a $0.00
Total Free Profit Per Share: n/a n/a n/a $0.00
FD MCap / Gold Eq.: n/a n/a n/a $0.00
FD MCap / Silver Eq.: n/a n/a n/a $0.00
FD MCap / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
EV / Gold Eq.: n/a n/a n/a $0.00
EV / Silver Eq.: n/a n/a n/a $0.00
EV / Per Metal
as % Spot Price:		 n/a n/a n/a 0.00%
Measured &
Indicated		 06/02/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 1.80M 1.80M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 7.83M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.30M 1.30M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 5.64M
Maximum Profit (Gold): $-20.61M $-445.99M n/a $-425.39M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-20.61M $-445.99M n/a $-425.39M
Max Profit / Current MCap: n/a n/a n/a -1.649
Max Profit Per Share (Gold): $-0.04 $-0.80 n/a $-0.77
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.04 $-0.80 n/a $-0.77
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $210.23 $199.49 n/a $-10.74
FD MCap / Silver Eq.: $3.52 $3.12 n/a $-0.41
FD MCap / Per Metal
as % Spot Price:		 4.69% 4.80% n/a 0.11%
EV / Gold Eq.: $216.92 $206.03 n/a $-10.89
EV / Silver Eq.: $3.64 $3.22 n/a $-0.42
EV / Per Metal
as % Spot Price:		 4.84% 4.96% n/a 0.12%

Reserves &
Resources		 06/02/2026
Last Analysis
Data
Current Data
Change
Item Value Value Updated Value
Percentage Gold: 100.00% 100.00% n/a 0.00%
Percentage Silver: n/a n/a n/a 0.00%
Total (Gold Eq. Oz.): 2.30M 2.30M n/a 0.00M
Total (Silver Eq. Oz.): n/a n/a n/a 10.01M
P

L

A

U

S

I

B

L

E		 Gold Eq. Oz.: 1.52M 1.52M n/a 0.00M
Silver Eq. Oz.: n/a n/a n/a 6.62M
Maximum Profit (Gold): $-24.18M $-523.42M n/a $-499.24M
Maximum Profit (Silver): n/a n/a n/a $0.00M
Total Maximum Profit: $-24.18M $-523.42M n/a $-499.24M
Max Profit / Current MCap: n/a n/a n/a -1.936
Max Profit Per Share (Gold): $-0.04 $-0.94 n/a $-0.90
Max Profit Per Share (Silver): n/a n/a n/a $0.00
Total Max Profit Per Share: $-0.04 $-0.94 n/a $-0.90
Total Free Profit Per Share: $0.00 $0.00 n/a $0.00
FD MCap / Gold Eq.: $179.13 $169.98 n/a $-9.15
FD MCap / Silver Eq.: $3.00 $2.66 n/a $-0.35
FD MCap / Per Metal
as % Spot Price:		 3.99% 4.09% n/a 0.10%
EV / Gold Eq.: $184.83 $175.55 n/a $-9.28
EV / Silver Eq.: $3.10 $2.74 n/a $-0.36
EV / Per Metal
as % Spot Price:		 4.12% 4.22% n/a 0.10%

Future Valuation (Cash Flow & Totals)

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